Potential of zakat in eliminating riba and eradicating poverty in Muslim countries
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From a mere glance at Muslim countries today, we realize that they are classified as third world though they adopt a secular system. The recent statistical data of 2009 shows the majority of people who live below poverty are found in Muslim countries. Some scholars related this fact to the oppression, humiliation and the bad policies which had been imposed in almost all Muslim countries during colonization and have continued up to the present time. Others related this to the incompetence and the corruption on the part of their governments.
Zakat , Salary , Deduction , Riba , Poverty
A. Mohsin, M. I. (2013). Potential of zakat in eliminating riba and eradicating poverty in Muslim countries. European Journal of Business Management, 5(11), 114-126.
IISTE, co-published with Center for Research on Islamic Management and Business (CRIMB)